NERVOUSNESS AHEAD OF RBI POLICY

  • Achiievers

The market gave away gains with a sharp correction in the Bank Nifty as fears of a possible rate hike on 6th June took precedence. RBI may be compelled to hike rates to curb inflation and to stem the fall in the rupee value. Most private banks...

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Sensex and Nifty decline for second straight day

  • Achiievers

For the second time in 2 months, Fitch has downgraded the viability ratings of PNB. This was following a significant deterioration in the credit portfolio of PNB. Fitch has actually cut PNB by two notches from B to BB- due to the higher than expected...

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With Chanda Kochhar already proceeding on indefinite leave

  • Achiievers

With Chanda Kochhar already proceeding on indefinite leave, there are fresh allegations that have emerged from the whistleblower about how loans given to the Ruia’s Essar also resulted in round tripping of funds into Deepak Kochhar’s company. According...

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Core sector came in marginally higher at 4.7%

  • Achiievers

Core sector came in marginally higher at 4.7% for the month of April. The Core sector is also referred to as infrastructure growth as it represents the 8 core sectors of the manufacturing economy. The 8 core sectors include Cement, Steel, Fertilizers,...

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NIFTY CORRECTS BUT MANAGES TO HOLD 10,600

  • Achiievers

The Italian connection really did not have a major impact on the Indian markets with the Nifty holding the 10,600 mark. Also by late noon it was clear that the Italian problem really may not be too serious. One can look forward to a sharp uptick...

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In the first major development in the NSE co-location case

  • Achiievers

In the first major development in the NSE co-location case, the CBI has booked Sanjay Gupta of OPG Securities for illegal access to NSE servers. Additionally, some officials of NSE and SEBI have also been booked in the case. In the high frequency trading...

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NIFTY GIVES UP GAINS AT HIGHER LEVELS

  • Achiievers

The Nifty lost value from the 10,700 levels to close lower. Most banking stocks once again came under pressure while it was the hydrocarbon stocks like GAIL and IOCL that held the markets up. The Italian crisis is likely to weigh heavily on the...

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NIFTY CONTINUES ITS UPWARD MARCH

  • Achiievers

The Nifty closed very near to the 10,700 mark driven largely by the pharma and the oil & gas sector. The sharp $5 fall in Brent Crude helped most oil downstream companies to stage a smart recovery in the last two trading sessions. While we...

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